Fine-tune your loan offers

Loan Estimates are just offers — they’re not set in stone. If the loans you’ve been offered don’t fit your needs or are different from what you asked for, don’t hesitate to go back to your lenders and ask for a different option.

What to do now

Confirm your loan option and approach to points or credits

Earlier, you chose a strategy for your loan option and points or credits. If you missed that step, if a lender gave you something different than what you asked for, or if you're not sure you made the right decision, it's not too late.

If you think you might be better off with something different than what is reflected on your Loan Estimate, go back to each of your lenders and ask to see a Loan Estimate that more closely matches your ideal scenario.

Consider negotiating

If you feel most comfortable with one lender but another has a better offer, go back to your preferred lender to see what they can do.

Your best bargaining chip is usually having Loan Estimates from other lenders in hand.

Buying a home?

How to avoid pitfalls

Stay alert for warning signs

If what a Loan Estimate says is very different from what you discussed with your loan officer, be wary. Ask questions and trust your gut. It could be a simple miscommunication, or it could be a sign that you should consider choosing a different lender.

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